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EST 1917

British Bank in Israel Transfers Its Business to Israel Bank

July 14, 1953
See Original Daily Bulletin From This Date
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The Ottoman Bank of London and the Palestine Discount Bank Ltd. of Tel Aviv today announced the signing of an agreement under which the Palestine Mercantile Bank Ltd., which is a subsidiary of the Discount Bank, has taken over all business hitherto carried on by the Ottoman Bank branches in Israel. The agreement became effective June 30.

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